Manutan increases turnover and net profit

Europe
| 09 June, 2017

Manutan recorded an increase in turnover and net profit during the first half of its 2016/2017 financial year.

Manutan generated revenues of €341.7 million, up 5.1% with all group activities experiencing increases. The group recorded a sharp rise in net income (+ 40.1%) to € 17.6 million, boosted by a decrease in the tax rate.

Manutan said that it will pursue its medium-term investment plan to improve the quality of services to its customers and to support the growth of its business and to "seize opportunities for external growth".